#NCBA Group

David Ndii, President William Ruto's economic adviser, said Kenya does not have a milk production shortage. He blamed empty supermarket shelves on new buyers, including workers at affordable housing sites. He spoke at the 2026 NCBA Economic Forum in Nairobi on Tuesday, Nairobi Wire reported. Ndii said "a couple of hundred thousand people" work on affordable housing sites every day. "You will find crates of milk sitting there," he said. According to Nairobi Wire, he said contractors give workers milk along with their daily rations. He added that people who used to drink little milk are now drinking a lot. Ndii cited Kenya National Bureau of Statistics (KNBS) data. He said annual milk production has risen 20 per cent to about 5.6 billion litres since the current administration took office. He said milk intake by processors rose 34 per cent over the same period. According to Nairobi Wire, he said intake went from about 500 million litres in 2022 to one billion litres last year. He also said intake in the first eight months of 2026 was almost the same as in…

NCBA Group has cut its forecast for Kenya's economic growth this year to 4.8 per cent, from an earlier 5.1 per cent. The lender presented the revised outlook on Tuesday at the NCBA Economic Forum 2026 in Nairobi, The Eastleigh Voice reported. It expects growth of between 4.0 and 5.0 per cent in 2027, supported by investment, structural reforms and stronger productive capacity. The bank blamed the weaker outlook on global political tensions, swings in commodity prices, changing weather patterns and the upcoming General Election. It warned that external shocks and tight public finances could undermine the economy's recent momentum. NCBA Group Managing Director John Gachora said the economy had stayed resilient. However, he warned that its ability to absorb repeated shocks was shrinking. He listed the crisis in the Middle East, the Russia-Ukraine conflict, sudden monetary tightening in several key economies and volatile sovereign bond markets. "Our capacity to absorb successive shocks is not limitless," Gachora said. Treasury CS John Mbadi gave a more upbeat forecast for 2027. He said the government projects 5.1 per cent growth, with inflation within target and a stable shilling. According to…